Ameriprise Financial Inc. reduced its position in shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) by 4.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 700,130 shares of the energy company’s stock after selling 32,500 shares during the quarter. Ameriprise Financial Inc. owned about 0.89% of 8Point3 Energy Partners worth $10,523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAFD. Beach Investment Management LLC. boosted its position in shares of 8Point3 Energy Partners by 1,123.7% during the 2nd quarter. Beach Investment Management LLC. now owns 1,169,875 shares of the energy company’s stock valued at $17,700,000 after acquiring an additional 1,074,277 shares during the last quarter. Quentec Asset Management LLC lifted its position in 8Point3 Energy Partners by 12.6% in the second quarter. Quentec Asset Management LLC now owns 1,965,458 shares of the energy company’s stock worth $29,737,000 after buying an additional 220,700 shares during the last quarter. Boston Common Asset Management LLC lifted its position in 8Point3 Energy Partners by 36.3% in the second quarter. Boston Common Asset Management LLC now owns 370,289 shares of the energy company’s stock worth $5,602,000 after buying an additional 98,595 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in 8Point3 Energy Partners by 102.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 155,754 shares of the energy company’s stock worth $2,357,000 after buying an additional 78,922 shares during the last quarter. Finally, Wealthsource Partners LLC increased its stake in 8Point3 Energy Partners by 217.2% in the second quarter. Wealthsource Partners LLC now owns 40,125 shares of the energy company’s stock worth $607,000 after purchasing an additional 27,475 shares during the period. Hedge funds and other institutional investors own 18.05% of the company’s stock.

A number of analysts have weighed in on the company. BidaskClub upgraded 8Point3 Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. B. Riley reiterated a “neutral” rating on shares of 8Point3 Energy Partners in a research note on Wednesday, November 1st. FBR & Co reiterated a “neutral” rating and issued a $15.00 target price (up previously from $14.00) on shares of 8Point3 Energy Partners in a research note on Wednesday, October 4th. Zacks Investment Research lowered 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, TheStreet lowered 8Point3 Energy Partners from a “b-” rating to a “c” rating in a research note on Thursday, November 30th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.09.

Shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) opened at $14.92 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26. 8Point3 Energy Partners LP has a twelve month low of $11.51 and a twelve month high of $15.79.

8Point3 Energy Partners (NASDAQ:CAFD) last released its earnings results on Wednesday, October 4th. The energy company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.38). 8Point3 Energy Partners had a return on equity of 1.87% and a net margin of 23.13%. The firm had revenue of $27.74 million for the quarter, compared to analyst estimates of $25.85 million. equities analysts anticipate that 8Point3 Energy Partners LP will post 0.53 EPS for the current fiscal year.

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8Point3 Energy Partners Profile

8point3 Energy Partners LP owns, operates and acquires solar energy generation projects. As of November 30, 2016, Company’s portfolio comprised interests in 642 Megawatt (MW) of solar energy projects. The Company is developing projects under utility, commercial and industrial (C&I) and residential categories.

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Institutional Ownership by Quarter for 8Point3 Energy Partners (NASDAQ:CAFD)

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